Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a pre-revenue company: Analyst consensus.
ACCE opinionNexgen Energy Ltd. Common Shares (NXE)
Fair value
Not available
ACCE price target
$9.80
Rating
Not rated
Horizon
12 months
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Price used: $8.15 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
21
out of 100
Analysts
100% buy
16 covering
1-year return
-3.3%
Dividend yield
0.00%
Nexgen Energy Ltd. Common Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
NexGen Energy is a Canadian uranium developer, not a producer, and its value rests on the Rook I project in Saskatchewan's Athabasca Basin, where it is working toward a high-grade underground mine and mill. The structural case is the scarcity of new, high-grade uranium supply in a market that needs more of it for nuclear power, which gives a permitted, well-located deposit real option value. The near-term catalysts are regulatory and financing milestones on Rook I rather than cash flow, since the company has no revenue and reported a negative 17.7% return on equity. At a $5.7 billion market cap, the stock is priced on the assumption that these milestones get delivered on schedule and at acceptable cost. Our 21/100 score reflects that the thesis is entirely forward-looking, with no earnings, margins or growth figures in the data to anchor it, so a deeper look should focus on construction timeline, capital requirements and dilution risk before anything else.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
high
Negative free cash flow
Free cash flow is -$77.7M with no revenue or margin figures reported (all 0.0%), so the company is burning cash and its ability to fund development without new capital can't be confirmed from this data.
moderate
Negative return on equity
ROE is -17.7%, meaning the company is losing money on shareholders' equity, and the composite score has slipped from 23 to 21 over 90 days.
AI research notes
AI-assisted·How I use AIWritten Oct 13, 2026 · figures from 2026-10-13 · prices to Oct 23, 2026
Why it could do well
Sixteen of sixteen analysts rate the stock Buy or Strong Buy, a unanimous view that carries real weight.
The average analyst price target of $16.31 sits 90.1% above the recent share price of $8.58.
The latest quarter beat expectations, with earnings per share of -0.01 against a forecast of -0.04.
Why it could disappoint
The company has no revenue to speak of, with year-over-year revenue growth at 0.0%.
Free cash flow over the last twelve months was negative at -CAD 78M, so the business is consuming cash.
Shareholders are being diluted, with the diluted share count up 6.1% in the last fiscal year.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 4, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where NXE's valuation models land
Price
$8.15
Model fair valueConfidence: low
about $16.43
Model
Fair value
Upside
Analyst consensus
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Quality
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